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Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 5 months agoLink > oil and gas newsOil Industry Newsoil news +35

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 5 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

Trump promises oil, gas industry assistance a day after WTI traded negative

Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...

Will Fine


Posted 5 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +27

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 4 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Massive revenue shortfall in new state forecasts

The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...

Will Fine


Posted 4 months agoLink > Santa FeSANTAFENewMexico +58

Oil bust could spur natural gas turnaround in San Juan Basin

If Merrion and key industry analysts are correct, there might be a silver lining in the oil crash caused by the coronavirus pandemic — it could end up helping northwestern New Mexico natural gas producers and even give a lift to state revenue in a time of crisis. The potential upside: The drop in ...

Will Fine


Posted 3 months agoLink > San Juan Basinnatural gasoil bust +36

The Supporting Cast: How to Make a Horizontal Pump + Ancillary Equipment = A Pumping System

Foundation design and piping support are also part of thepump system. A properfoundation for a HOSS unit consists of thick concrete and rebar, it's not complex and not amajor cost in the total system design, but does ensure pump longevity. It'sdifficult to diagnose or control a pump system if th ...

Jonny Sleiman


Posted 8 months agoLink > Centrifugal PumpHorizontalVariable Speed Drive +2

Why — and where — oil and gas mergers are finally making a comeback

Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > mergeracquisitions

Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite

Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd. Chevron Corp. said this week it would reduce spending on oil exploration and o ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > explorationoil price

More and more robots are being used in the oil and gas industry

The oil and gas industry is increasingly being disrupted by an increasing IoT presence, as sensors and other devices help operators monitor the various equipment on-site at many extraction facilities and refineries. In addition to standard IoT devices like sensors, robots will increasingly play a ...

OilVoice Press - OilVoice


Posted 3 years agoLink > Oilrobots

Trump’s Vow To “Unleash An Energy Revolution” May Send Oil and Gas Tumbling In 2018

President Trump's vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Though U.S. oil and natural gas producers could see a surge in investment under Donald Trump's numerous proposals from ...

OilVoice Press - OilVoice


Posted 3 years agoLink > Donald Trumpoil price

Oil and Gas Networking Website Oilpro Says It’s Shutting Down

Houston—Oilpro, a networking and social media website geared to the oil and gas industry, said Monday it is shutting down operations. Oilpro's shutdown comes eight months after its founder David Kent pleaded guilty to one count of computer fraud in US District Court, Southern District of New York ...

OilVoice Press - OilVoice


Posted 3 years agoLink > oilpro

Recommendations to Maximise Returns on Oil and Gas Investments

Calculate Estimated Expected Cash Flow Cash flow is one of the deciding factors when identifying lucrative oil and gas investments, especially when it comes to developing well sites. When calculating a project's expected cash flow, it is essential to consider relevant data regarding future costs ...

Ryan Wright - FIG Tree Capital Ventures LLC


Posted 3 years agoLink > Oil and Gas Investments

Army will deny easement, halting work on Dakota Access Pipeline

The Army said Sunday that it will not approve an easement necessary to permit the controversial Dakota Access Pipeline to cross under Lake Oahe in North Dakota, marking a monumental victory for the Native American tribes and thousands of others who have flocked in recent months to protest the oil ...

Adam Marmaras - OilVoice


Posted 3 years agoLink > Dakota Access PipelineUnited States

Engineering – Neven Drobnjak

In this blog I will compare results of RISA 3D stress analysis (structural software) and Caesar II stress analysis (piping software). At the first glance, I was expecting that displacements and forces calculated in structural software RISA 3D will match displacements and forces calculated in Caes ...

Neven Drobnjak - Freelance piping designer


Posted 3 years agoLink > pipe stress analysis
Last fetch 9/23/2020 5:29:12 PM